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Market Statistics

October 18, 2012 |  Article By :   | 

In between days. The spring and summer selling seasons are well behind us, and the holiday slowdown is well ahead of us (except in some department stores). As the days grow shorter, housing numbers may not be as thrilling as they were in recent months, but the trends remain the same. Compared to last year, sales are regularly up and inventory figures are down, including months of supply. Sales and prices will surely drop, but there is reason for optimism through the end of the year, providing a cure to several years of little to hold on to.

In the Twin Cities region, for the week ending October 6:

• New Listings increased 2.8% to 1,301
• Pending Sales increased 33.5% to 1,049
• Inventory decreased 28.6% to 16,113

*From the Minneapolis Area Association of Realtors

Market Statistics

October 10, 2012 |  Article By :   | 

The Minneapolis Area Association of Realtors latest market statistics for the Twin Cities for the week ending September 29 are out.

In the Twin Cities region, for the week ending September 29:

• New Listings increased 6.2% to 1,314
• Pending Sales increased 15.5% to 1,000
• Inventory decreased 29.6% to 16,261

For the month of September:

• Median Sales Price increased 12.3% to $174,000
• Days on Market decreased 28.7% to 101
• Percent of Original List Price Received increased 4.1% to 94.8%
• Months Supply of Inventory decreased 40.9% to 4.0

Twin Cities Housing Market

September 20, 2012 |  Article By :   | 

The Minneapolis Area Association of Realtors has put out the Twin Cities Housing market statistics for this week.  These statistics are still positive but we are now heading into the slow time of the year so time will tell if conditions hold or not.

In the Twin Cities region, for the week ending September 8:

• New Listings increased 2.2% to 1,273
• Pending Sales increased 24.2% to 940
• Inventory decreased 29.6% to 16,458

For the month of August:

• Median Sales Price increased 15.2% to $178,600
• Days on Market decreased 24.0% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 42.0% to 4.1

Twin Cities Market

September 6, 2012 |  Article By :   | 

We are converging upon an interesting wait-and-see season in residential real estate in th Twin Cities Market. All year long, we have witnessed some rather positive year-over-year decreases in inventory numbers and increases in sales, percent of original list price received at sale and median sales price. After many years of struggling to tread water – and, indeed, often failing to do so – there is hope. With quieter autumnal and winter months looming, we will be giving extra scrutiny to the trend lines in the weeks to come.

In the Twin Cities Market, for the week ending August 25:

• New Listings increased 1.3% to 1,282
• Pending Sales increased 19.4% to 1,027
• Inventory decreased 29.9% to 16,785

Information from the Minneapolis Area Association of Realtors